Ambac Assurance Reaches $1.84 Bln Settlement On All Its Claims Against Bank Of America

Warren Buffett Cuts Stake In Bank Of America To Below 10%

Billionaire investor Warren Buffett's Berkshire Hathaway Inc. has reduced its stake in Bank of America Corp. to below the key 10 percent regulatory threshold. With this, Berkshire is no longer required to report its related transactions frequently. In a filing with the U.S. Securities and Exchange Commission, Berkshire disclosed the sale of around 9.54 million shares in total.

RTTNews | hace 5

Bank Of America Lifts Hourly Wages To $24

Bank of America Corp. announced that it has raised its minimum wage in the United States to $24 per hour, as part of its move to keep $25 by 2025. The increase applies to all full-time and part-time hourly positions in the U.S. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to nearly $50,000, up by nearly $20,000 since 2017.

RTTNews | hace 36

Bank Of America Q2 Profit Decreases, But Results Top Estimates

Bank of America Corp. (BAC) reported Monday that net income applicable to common shareholders for the second quarter declined to $6.58 billion from last year's $7.10 billion, with earnings per share decreasing to $0.83 from $0.88 in the prior year.

RTTNews | hace 92

Bank Of America Q1 Results Tops Estimates

Bank of America Corp. (BAC) reported Tuesday that net income applicable to common shareholders for the first quarter declined to $6.14 billion or $0.76 per share from $7.66 billion or $0.94 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $0.83 per share.

RTTNews | hace 183

Bank Of America Q4 Profit Plunges, But Tops Estimates

Bank of America Corp. (BAC) reported Friday that net income applicable to common shareholders for the fourth quarter plunged to $2.84 billion or $0.35 per share from $6.90 billion or $0.85 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $0.70 per share.

RTTNews | hace 278

Bank Of America Q2 Profit Increases, Tops Estimates

Bank of America Corp. (BAC) reported Monday that net income applicable to common shareholders for the second quarter grew to $7.10 billion from last year's $5.93 billion, with earnings per share increasing to $0.88 from $0.73 in the prior year.

RTTNews | hace 456

First Republic Bank Secures $30 Bln Rescue Fund From Major US Banks

First Republic Bank, the latest casualty in the ongoing banking turmoil, said it has secured around $30 billion funding from America's 11 largest banks as a lifeline, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Following the news, the bank's stock, which has been sinking since last week, gained around 10% on Thursday from the previous day's close.

RTTNews | hace 579

Bank Of America Q3 Profit Down 8%, But Results Top Estimates

Bank of America Corp. (BAC) reported Monday that net profit for the third quarter decreased 8 percent from last year, hurt by provision for credit losses as well as lower fees and service charges. However, both earnings and revenues for the quarter topped analysts' estimates.

RTTNews | hace 730

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